Hyundai Motor India (HYUNDAI) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated revenue rose 15.8% to ₹698,290.57 million; PBT increased 29.85% to ₹82,398.74 million and PAT rose 28.68% to ₹60,600.44 million.

• Record sales reached 7.77 lakh units: domestic sales 6.14 lakh, up 8.3%, and exports 1.63 lakh, up 6.5%; production was 7.87 lakh units, up 8.2%.

Financial highlights

• Consolidated revenue from operations was ₹698,290.57 million vs ₹603,075.80 million; other income was ₹14,732.68 million vs ₹11,290.62 million.

• Consolidated PBT was ₹82,398.74 million vs ₹63,455.75 million; PAT was ₹60,600.44 million vs ₹47,092.50 million.

• Consolidated basic and diluted EPS were ₹74.58 vs ₹57.96; figures reflect the later 1:100 share subdivision.

• Standalone cost of goods sold fell to 86.29% of revenue from 87.09%; employee costs were 2.53% vs 2.60%, and other expenses 9.19% vs 9.67%.

• Consolidated operating cash flow was ₹92,519.55 million; investing cash outflow was ₹100,904.68 million and financing cash outflow ₹159,300.74 million.

Outlook and guidance

• Chennai and Talegaon combined annual capacity is expected to reach 994,000 units when Talegaon is partly operational and 1,074,000 when fully operational.

• Talegaon is expected to begin partial commercial operations in H2 FY26; redevelopment and expansion require significant capex, with potential future financing needs.

• India GDP growth was projected at 6.8% for FY25 in one forecast and at an average 7.0% for FY25–29; global growth was estimated at 3.2% for FY25–29.